KIPF Equity Investment (EBRD-47540)

  • Kazakhstan
Where the impacts of the investment may be experienced.
Specific Location
Northern Kazakhstan
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • European Bank for Reconstruction and Development (EBRD)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Bank Risk Rating
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Jul 20, 2016
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
  • Finance
  • Industry and Trade
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 20.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 105.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ EBRD website

Updated in EWS Aug 10, 2017

Disclosed by Bank May 13, 2016

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Project Description
This project invests in a new company, to be established, which will consolidate the broiler farm and meat processing operations in Northern Kazakhstan. This includes: i) construction of a new integrated poultry farm, a meat processing plant; ii) acquisition and renovations of a feed mill in Northern Kazakhstan; and iii) the additional working capital needs for the new farm and production facilities.
Investment Description
  • European Bank for Reconstruction and Development (EBRD)
The client company will fully own Ust-Kamenogorsk Poultry Farm JSC, and three other operating companies established in Kazakhstan. Ust-Kamenogorsk Poultry Farm JSC is one of the largest vertically integrated poultry producers in Kazakhstan. Prior to the Bank’s investment, the client companywill be a direct subsidiary of Aitas Group LLP, another group holding entity, 100% owned by Mr. Serik Tolukpayev.
Contact Information
Margarita Linnik, Legal counsel Makinsk Poultry Farm LLP Makinsk, Kamennyi kar'er, Administrative Building Akmolinskaya oblast, Republic of Kazakhstan Tel : +7 777 5355960 E-mail: ACCOUNTABILITY MECHANISM OF EBRD The Project Complaint Mechanism (PCM) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an European Bank for Reconstruction and Development (EBRD)-financed project. If you submit a complaint to the PCM, it may assess compliance with EBRD’s own policies and procedures to prevent harm to the environment or communities or it may assist you in resolving the problem that led to the complaint through a dialogue with those implementing the project. Additionally, the PCM has the authority to recommend a project be suspended in the event that harm is imminent. You can contact the PCM at or you can submit a complaint online using an online form, You can learn more about the PCM and how to file a complaint at